Reverend Indicted Over Missing Money

A northern Kentucky minister was indicted Wednesday on federal charges that he stole nearly 800-thousand dollars in church funds.

The Reverend Larry Davis was also indicted for falsifying a four million dollar loan application and evading taxes for four years. The US Attorney for Kentucky's Eastern District says Davis, who leads First Baptist Church in Cold Spring, wrote checks to himself from church bank accounts. He also says the evidence shows Davis used a church ATM card at a race track, and used church money to buy two cars.

Davis' attorney, Pat Hanley, says the indictment represents only the prosecution's side of the story. He's confident that when the case goes to trial, Davis will be cleared.

A deacon at the church says the indictment means Davis is a step closer to being proved innocent. "Everybody [at the church] is behind him," Dr. Daryl Emery says. "We continue to pray for him and his family."